Ribbit Capital Raises $500 Million for New Fintech Investments

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7 hours ago

Summary

ribbit capital raises 500 million dollars for new fund; 10th flagship fund reportedly; invested in fintech startups like nubank, affirm, robinhood and more

Key Points

Ribbit Capital is raising $500 million for its latest flagship fund, Ribbit Capital Y.
The venture firm has backed 243 investments and led 90 of them since its inception in 2012.
Ribbit Capital has invested in fintech startups like Nubank, Affirm, and Robinhood, as well as crypto-focused companies like Coinbase and Uniswap.

Why It Matters

The fundraise is a signal that the fintech area is back on the upswing, with other signs including the planned IPO of Klarna and the rise in valuations of Ramp and Stripe.

Author

Jagmeet Singh

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